Caleres Inc (CAL)
Gross profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,262,960 | 1,284,870 | 1,227,320 | 787,049 | 1,184,360 |
| Revenue | US$ in thousands | 2,815,640 | 2,966,830 | 2,776,770 | 2,114,280 | 2,919,760 |
| Gross profit margin | 44.86% | 43.31% | 44.20% | 37.23% | 40.56% |
February 3, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,262,960K ÷ $2,815,640K
= 44.86%
Caleres Inc's gross profit margin has shown fluctuations over the past five years, ranging from 37.23% to 44.86%. In the most recent fiscal year ending on February 3, 2024, the gross profit margin was 44.86%, representing an improvement compared to the previous years. This indicates that the company was able to generate a higher percentage of revenue after accounting for the cost of goods sold. The upward trend in the gross profit margin suggests that Caleres Inc may have implemented more effective cost management strategies or experienced an increase in sales prices relative to costs. It is important for the company to maintain or further improve its gross profit margin to ensure profitability and sustainable business operations.
Peer comparison
Feb 3, 2024